Eric J. Savitz: Synaptics Stock Soars. Demand Is Hot for Chips for the internet of Things.

6/02/2021 - 12:09

Synaptics stock spiked Friday after the chip maker offered upbeat guidance for the March quarter, as the company saw robust demand for components used in a wide assortment of connected devices.
Synaptics (ticker: SYNA) was once best known for providing touchpads and other interface components for PCs and mobile phones, but as we detailed in a feature story in Barron’s in August, the company has transformed its business in recent quarters through a series of deft acquisitions.